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Oil prices rose early on Friday and gasoline futures rallied
to a four-month high as Hurricane Harvey makes its way toward Texas
and is expected to make landfall at the heart of the Gulf Coast
refining industry near Houston later on Friday or early on
Saturday. At 7:51am EDT Friday, WTI was up 0.74 percent at US$47.78
and Brent was up 0.81 percent at US$52.46. The front-month gasoline
futures were surging 3.72 percent at US$1.726 and touched a
four-month high in intraday trade. Early on Friday, the National
Hurricane Center (NHC) issued a storm…

Oil prices rose early on Friday and gasoline futures rallied
to a four-month high as Hurricane Harvey makes its way toward Texas
and is expected to make landfall at the heart of the Gulf Coast
refining industry near Houston later on Friday or early on
Saturday. At 7:51am EDT Friday, WTI was up 0.74 percent at US$47.78
and Brent was up 0.81 percent at US$52.46. The front-month gasoline
futures were surging 3.72 percent at US$1.726 and touched a
four-month high in intraday trade. Early on Friday, the National
Hurricane Center (NHC) issued a storm…

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